2016 Postmortem
Related: About this forumHassleCat
(6,409 posts)ejbr
(5,856 posts)Mogadishu?
litlbilly
(2,227 posts)hifiguy
(33,688 posts)Get them all in one place and send in the army to arrest and jail them.
napi21
(45,806 posts)country, they wouldn't do so. That means TAKING AWAY THE TAX ADVANTAGE! If removing the loophole that allows keeping $$ in foreign countries and the Caymen Islands, it would be viewed as increasing taxes, but that too would increase income into our Treasury. Tax increases are NOT ALL increasing the rate! Also, if were done at the IRS level, millionaires wouldn't be leaving States or the Country. OUR Congresses make those loopholes law, and they can just as easily take them away.
Hiraeth
(4,805 posts)Spider Jerusalem
(21,786 posts)US citizens are taxed on the basis of citizenship, not residency. It's possible to renounce one's citizenship but if it's deemed to be for "financial reasons" (ie tax evasion) there's an "exit tax" that's based on the value of one's total assets. (This is why American billionaires don't move to Switzerland for tax purposes.)
marlakay
(11,476 posts)They are taking advantage now.
cyberswede
(26,117 posts)rickford66
(5,524 posts)He used to say "Goodbye and good rhythms."